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Affordable Housing Commission details $6.5M budget, urges full statutory use of trust fund amid tornado recovery
Summary
April Ford Griffin, executive director of the City of St. Louis Affordable Housing Commission, told the budget committee the commission’s FY26 proposal is $6,513,175 (including $5,555,512 for subsidy/housing assistance), and reminded aldermen the enabling ordinance was written to provide no less than $5 million annually from the use tax.
April Ford Griffin, executive director of the City of St. Louis Affordable Housing Commission, told the Budget & Public Employees Committee on May 21 that the commission’s proposed FY26 budget totals $6,513,175 and that $5,555,512 of that is budgeted for subsidy and housing assistance — including $5 million in use-tax (trust fund) revenue newly proposed for the coming year.
Why it matters: the Affordable Housing Trust Fund (the use-tax source) was created by ordinance to provide a recurring stream for affordable housing. Griffin told the committee the fund has invested roughly $150.7 million since 2003 and helped create or preserve 2,728 affordable units.
Griffin said the commission…
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